Amundi to acquire Banco Sabadell asset management arm for €430m
Ten-year distribution partnership
Sabadell Asset Management has €21.8bn of AUM, excluding third-party funds
Europe’s largest asset manager Amundi has agreed to acquire Banco Sabadell’s asset management arm for €430m (£363m) as the two firms enter a major 10-year distribution partnership.
Under the deal, expected to close in the third quarter of 2020, Amundi will acquire 100% of Sabadell Asset Management, which has €21.8bn of assets under management, excluding third-party funds. Amundi unveils...
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